Replies to post #36790 on Atlas Lithium Corp (ATLX)

[samplescave]

The Old Reverse Split was the plan from the Get Go!!!!!

LOL!!!!!

[Hugie]

This is the mining industry!!!.First they have expenses later they pick up profit.Preparation of this project took the company a few years.This Q is not important at all,it has zero weight for investors or anybody else to look at.

[KeepItRealistic]

Wrong ....

The AS is already maxed out and has been since August 1st

Company seems in no rush to file the amendment for the small AS increase.
https://esos.nv.gov/EntitySearch/BusinessInformation

Now Why would Insiders want to plan for an RS when they have 630 million common shares !

That is just TOTAL NONSENSE !!!


$BMIX confirmed tradable float as of July 26th is only 284 million with CEO & affiliates holding a stunning 630 million shares

$BMIX tradeable float as of July 26th is only 284 million with start of GOLD production news expected Monday/Tuesday !

Target .05-10 short term

Incredible DD linkhttps://t.co/GjBti28B4Z pic.twitter.com/htZHjjK2Ma

— KIR (@KeepRealistic) July 27, 2019

FLOAT 284,155,054 according to filing July 26th, 2019

Marc Fogassa CEO owns 365,201,226 shares

Ambassador Roger Noriega Director owns 65,428,637 shares

Igor Tkachenko owns 200,000,000 shares

914,784,917 shares of common stock issued outstanding as of July 26, 2019

914,784,917 Issued/outstanding
-630.629,863 Owned by insiders
-----------------
284,155,054 = FLOAT

Also it was clearly stated what the AS increase is for in the filing

Needed for new equity investors and to continue to provide shares to CEO in lieu of his salary.

From filing... DD is your friend

“The Board of Directors believes that the Authorized Increase is necessary and advisable so that the Company shall have sufficient number of authorized and unissued and unreserved shares to issue including those needed for the new equity investors that it obtained and for conversion of unpaid contractual obligations to its Chief Executive Officer. “